Oando (NSA:OANDO) Cyclically Adjusted Revenue per Share: ₦125.10 (As of Dec. 2025)

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSA:OANDO Oando PLC NSA:OANDO
36 GF Score
Price ₦39.00
GF Value ₦50.61
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Oando Cyclically Adjusted Revenue per Share?

Oando NSA:OANDO +2.63% 36 Cyclically Adjusted Revenue per Share is ₦125.10 as of Dec. 2025. GuruFocus rates NSA:OANDO with a GF Score™ of 36/100 and a GF Value™ of ₦50.61 (Modestly Undervalued). The stock has 6 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Oando's adjusted revenue per share for the three months ended in Dec. 2025 was ₦82.369. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is ₦125.10 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Oando's average Cyclically Adjusted Revenue Growth Rate was 30.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 20.30% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 9.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Oando was 20.30% per year. The lowest was -6.60% per year. And the median was 13.50% per year.

As of today (2026-07-17), Oando's current stock price is ₦39.00. Oando's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was ₦125.10. Oando's Cyclically Adjusted PS Ratio of today is 0.31.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Oando was 0.94. The lowest was 0.02. And the median was 0.06.


Oando  (NSA:OANDO) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Oando's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=39.00/125.10
=0.31

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Oando was 0.94. The lowest was 0.02. And the median was 0.06.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Oando Cyclically Adjusted Revenue per Share Related Terms


Oando Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Oando's Cyclically Adjusted Revenue per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Oando Cyclically Adjusted Revenue per Share Chart

Oando Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 65.71 71.85 65.84 96.19 125.10

Oando Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 96.19 100.87 110.83 117.77 125.10

NSA:OANDO vs VLO, MPC, PSX: Cyclically Adjusted Revenue per Share Comparison

For the Oil & Gas Refining & Marketing subindustry, Oando's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Oando Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Oando's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Oando's Cyclically Adjusted PS Ratio falls into.


NSA:OANDO
36GF Score
Oando PLC NSA:OANDO
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Oando Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Oando's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=82.369/324.0540*324.0540
=82.369

Current CPI (Dec. 2025) = 324.0540.

Oando Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201509 3.134 237.945 4.268
201512 3.767 236.525 5.161
201603 1.462 238.132 1.990
201606 6.838 241.018 9.194
201609 7.970 241.428 10.698
201612 16.275 241.432 21.845
201703 9.559 243.801 12.706
201706 8.898 244.955 11.771
201709 8.045 246.819 10.562
201712 7.250 246.524 9.530
201803 10.408 249.554 13.515
201806 10.146 251.989 13.048
201809 14.364 252.439 18.439
201812 12.055 251.233 15.549
201903 11.615 254.202 14.807
201906 10.190 256.143 12.892
201909 6.799 256.759 8.581
202003 7.832 258.115 9.833
202006 6.269 257.797 7.880
202009 5.853 260.280 7.287
202103 10.674 264.877 13.059
202106 8.861 271.696 10.569
202109 15.681 274.310 18.525
202112 20.421 278.802 23.736
202203 28.732 287.504 32.385
202206 38.201 296.311 41.778
202209 21.048 296.808 22.980
202212 49.852 296.797 54.430
202303 37.165 301.836 39.901
202306 56.021 305.109 59.499
202309 69.240 307.789 72.899
202312 34.297 306.746 36.232
202403 68.559 312.332 71.132
202406 83.547 314.175 86.174
202409 93.205 315.301 95.792
202412 72.158 315.605 74.090
202503 69.844 319.799 70.773
202506 59.033 322.561 59.306
202509 66.015 324.800 65.863
202512 82.369 324.054 82.369

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of ₦125.10 mean?
Oando (NSA:OANDO) has a Cyclically Adjusted Revenue per Share of ₦125.10 as of Dec. 2025. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Oando and its competitors.
Is Oando's Cyclically Adjusted Revenue per Share too high?
Oando's current Cyclically Adjusted Revenue per Share is ₦125.10. Overall, Oando has a GF Score™ of 36/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Oando's Cyclically Adjusted Revenue per Share compare to VLO and MPC?
Oando's Cyclically Adjusted Revenue per Share of ₦125.10 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for an Oil & Gas company?
A good Cyclically Adjusted Revenue per Share depends on the Oil & Gas industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Oando and its competitors. Oando's current Cyclically Adjusted Revenue per Share is ₦125.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oando stock overvalued right now?
Based on GuruFocus' analysis, Oando (NSA:OANDO) is currently considered Modestly Undervalued. The stock's GF Value™ is ₦50.61, compared to a current price of ₦39.00 — trading 22.9% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is ₦125.10. Oando's overall GF Score™ is 36/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Oando (NSA:OANDO), the current Cyclically Adjusted Revenue per Share is ₦125.10 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Oando (NSA:OANDO) Overvalued in 2026?

Based on GuruFocus' analysis, Oando stock appears to be undervalued. The current stock price of ₦39.00 is trading 22.9% below its estimated GF Value™ of ₦50.61. GuruFocus considers Oando to be Modestly Undervalued.

Key valuation signals for NSA:OANDO:

  • Cyclically Adjusted Revenue per Share: ₦125.10
  • GF Value™: ₦50.61 vs. price of ₦39.00 (22.9% below fair value)
  • GF Score™: 36/100 with 6 warning signs

No single metric tells the full story. See the NSA:OANDO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Oando Business Description

Industry EnergyOil & Gas
Other Exchanges OAO:South Africa
Address Ozumba Mbadiwe Avenue, 17a The Wings Complex, Victoria Island, Lagos, NGA
Oando PLC makes strategic investments in energy companies. Through its subsidiaries, the company is engaged in exploration and production, Supply and trading of petroleum products, and Mining and infrastructure development. The group has four operating segments: (i) Exploration and production. (ii) Supply and Trading (iii) Mining & infrastructure development, (iv) Corporate, and others. The majority of its revenue is generated from Supply and Trading which involves trading crude, refined, and unrefined petroleum products.
36GF Score

Get the complete analysis for NSA:OANDO

Cyclically Adjusted Revenue per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₦39.00
Price
₦50.61
GF Value